Coenzymes Q10 Market Projected to Grow at a Steady CAGR by the end of 2028

Posted on 2019-05-03 by Mark Hub in Food & Beverage // 0 Comments

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Fact.MR has actively published a new research study titled “Coenzymes Q10 Market Projected to Grow at a Steady CAGR by the end of 2028 | Key Players are Gnosis-SpA, Kaneka Corporation, Tishcon Corporation, etc.” to its broad online database. This assessment works to discourse the major trends, opportunities and drivers motivating the coenzyme q10 market during the period from 2018-2028. The insights structured for presenting the target market are procured from both primary research and secondary research, and are utilized for validation that is valuable to investors, manufacturers and new entrants. As per research findings, the global coenzyme q10 market is expected to showcase impressive growth at 9.2% CAGR during the period until 2028.

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Several Diseases have been linked with low CoQ10 levels, which include fibromyalgia, and aftermath of heart attacks (also called as post-myocardial infarction). Parkinson’s disease, migraines, Prader-Willi syndrome, and depression account for CoQ10 deficiency. Currently, over 300 Mn people worldwide are affected by depression according to the WHO.

Additionally, the Parkinson’s Foundation estimates more than 10 Mn individuals suffer from Parkinson’s disease across the globe at present. The National Institutes of Health (NIH) recommends coenzyme Q10 supplementation for patients with Parkinson’s disease. In addition, several studies have depicted reduction in depression and fatigue by CoQ10 supplementation. High prevalence of such diseases is a key demand determinant for CoQ10.

A recently collated, insightful FactMR report foresees the global coenzyme Q10 market to rise at a value CAGR of 9.2% between the period of forecast 2018 and 2028. Roughly 2,670,000 kgs of coenzyme Q10 are pegged to be sold globally by 2028-end.

An endogenously produced compound, coenzyme Q10 is found in human cells, and plays an imperative role in production of energy by serving as mobile electron carrier in electron transport chain within mitochondria. CoQ10 also acts as excellent antioxidant outside mitochondria by working synergistically with various other antioxidants such as vitamin E. Widely available as an OTC supplement, coenzyme Q10 has gained momentum in light of its therapeutic effectiveness in minimizing outcomes of specific metabolic disorders, namely, cancer, neurodegenerative disease, diabetes, and cardiovascular diseases.

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Researchers from Auburn University, University of Alabama, and Samford University have stated that CoQ10 supplementation has depicted positive outcomes in patients on statin medications. According to the researchers, supplementation of CoQ10 in individuals who participate in strenuous exercises has been witnessed to impart beneficial effects, albeit data is conflicting with regard to other physical activities.

A recent study carried out by a leading skin care company, Beiersdorf AG, slates that the CoQ10 enzyme is an ultimate anti-ageing ingredient, which enables the development of more effective anti-wrinkle and anti-ageing products. Q10 is essentially likened to vitamin, which breakdowns all cells in a human body, providing skin-cells with the required energy. Q10 has been deemed equally important for skin cells, heart, and liver.

An average human body naturally produces Q10, however the production rate slows down as the body ages. Without CoQ10, the skin is unable to produce collagen required for continuous support and retention of elasticity & firmness of the skin. According to the study, lack of CoQ10 poses serious effects on the skin, as there is a deficiency of essential energy and nutrient supply.

CoQ10 energizes the skin and helps prevent premature ageing. Skin care companies such as Beiersdorf are offering CoQ10 product ranges that protect the skin from the UVB/UV rays. One of such latest developments includes NIVEA Q10 range by Beiersdorf, which the company claims to offer remarkable anti-wrinkle and anti-ageing effects.

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